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Sep 30, 2012 3:56pm EDT
consequences of those remote crises, including on the u.s. economy. if there is something worth learning, it is the interdependence of them. >> how confident are you? >> i would definitely consider it. [laughter] >> maurice goldstein. institute for international economics. managing director, thank you for a most interesting speech. >> i am always cautious when an english speaking person calls something interesting, it could make it -- could mean anything. >> you are quite right, but let me proceed anyways. [laughter] you indicated in the discussion of the eurozone, you mentioned the need for friendly measures, not just austerity. what are those growth friendly measures? why did we think that these would be sufficient to poll the eurozone out of recession? when discuss in the u.s. fiscal cliff, you made a helpful distinction between the medium term need for strong fiscal consolidation, and the short term need to avoid fiscal contraction. well, why is there not a similar distinction at this point in the eurozone? if not, why not? >> first of all, in the eurozone you have 17 members. i will
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